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Short-term goals. Long-term goals. Vacation. Retirement. Down payment for a car or house. Opening a business. Deposit for a new apartment. Paying for a child’s education
Reviewing your life insurance policies regularly ensures they stay aligned with your financial goals. Life insurance is a useful tool that can help provide financial security for you and your family.
“For instance, a short-term goal could be paying off $5,000 in credit card debt within a year, while a long-term goal might involve saving $100,000 for retirement in the next 20 years.” Budget ...
Permanent life insurance is life insurance that covers the remaining lifetime of the insured. A permanent insurance policy accumulates a cash value up to its date of maturation. The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.
Insurance. Something Sabol has seen people regret cutting is any kind of insurance, from life insurance to health insurance, particularly self-employed people who pay for their premiums out of pocket.
Short-term life insurance is meant as a sort of stopgap in life insurance and not as an alternative to long-term life insurance. If you’re ready for a long-term policy now, you might consider a ...
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